I was thinking the same thing. This resteraunt costs $175,000, which is the same amount logan's movie theater
is priced at.
That's a coincidence. This restaurants current outstanding loan balance is actually about $185k, but due to foreclosure issues I think I can get it for less.
Rassah, could you give more information, such as estimated overhead; cost of the robots/kitchen equipment, how other restaurants in the area fair; will it also accept cash/credit or be bitcoin only; what food, water, gas and electricity would cost.
Electricity costs $0.13/kWh there and gas and water are pretty cheap too. Cumberland is near a fresh water canal, so water is abundant, and it's a coal town, so plenty of cheap power and gas. Overhead would have to include maintenance and repair of the robots, but I can talk to some local mechanics to get details on that. There are a lot of people who work on cars and trains in that area. I would have to accept credit cards too, obviously. Food prices for raw ingredients are probably comparable to those of the rest of the east coast.There are a few other up scale restaurants right in that same area (a NY style, an Italian, and a bit further a French one that costs a fortune).
Is there going to be any staff to speak of working at it? The kitchen is going to have to be inspected and cleaned for the sake of health inspections and you can't really rely on customers to fully clean up after themselves and others. So the eating area would need someone to keep it clean throughout the day.
I may have one person there at the entrance welcoming and seating people, and monitoring the systems on a screen to let mechanics know if something breaks, or place orders if some ingredients are running low. I would need a separate accounting and purchasing department to deal with suppliers, establish prices, and track costs and revenues. Probably three people on ful time staff at most, with maintenance only called when needed. If the kitchen is mostly stainless steel and plastic with many floor drains, it can be set up with soap and water sprinklers, and the entire system can be washed nightly automatically like a giant dishwasher. Customer table tops can be solid stainless steel round disks with four plate-shaped depressions. Instead of food being delivered on plates, it can be delivered on small trays and scooped right onto the table into those plate-shaped depressions. After customers are done eating, the entire table top can be removed and automatically moved to the kitchen, where it gets washed with the rest of the equipment.
Also any exit plan if it doesn't work out a couple of months after opening?
If it fails, it fails. Everything will be sold off and money redistributed to investors evenly. Like all businesses, this is risky, and you shouldn't invest unless you are ready to lose your money.